JPMorgan’s board of directors is weighing lower bonuses for CEO Jamie Dimon and other top executives in light of the $5.8 billion trading loss the firm suffered this year, according to The Wall Street Journal; Citigroup is also looking at executive pay in an attempt to appease shareholders.

Kweku Adoboli, the former UBS trader charged with amassing a $2.3 billion loss in unauthorized trading positions, goes on trial in London today. He faces up to 10 years in prison if convicted, according to CNBC.

The U.S. Treasury is selling an $18 billion stake in AIG, in a move that would decrease the government’s stake in the insurer to less than 50 percent for the first time since 2008.

Investors betting on a U.S. housing recovery are beginning to cash in holdings in shovel-ready residential land. Firms such as BlackRock, hedge fund Angelo Gordon & Co and real estate investment firm Starwood Capital, snapped up property in bankruptcy proceedings, from struggling developers and banks in foreclosure sales, according to Reuters. Now some of those firms are unloading property, often for gains of 20 percent or more.

Commodities giant Glencore has made its final offer for mining company Xstrata, apparently.

SEC Chairman Mary Schapiro would like to complete rule-making on a uniform fiduciary standard, “but Congress handed us a lot of important things to do,” she told Bloomberg.

A U.S. judge barred former Credit Suisse and UBS banker Christos Bagios from leaving Florida to visit family in Switzerland and Greece, according to Bloomberg. Mr. Bagios, who is charged with helping 150 American clients hide as much as $500 million from tax authorities, is currently free on $650,000 bail.

A day after French President Francois Hollande promised to press ahead with a plan to tax on the country’s highest earners at 75 percent, LVMH chief executive Bernard Arnault, France’s richest man, said he had applied for Belgian nationality. According to Reuters, Mr. Arnault said he would still pay taxes in France.